Whale Accumulation Sparks Dogecoin Speculation Despite Price Slump
Dogecoin (DOGE) is back in the spotlight after a mysterious whale investor accumulated a staggering 300 million DOGE tokens, worth $45 million, on a major cryptocurrency exchange. This buying spree has ignited a frenzy of speculation within the Dogecoin community, with many wondering about the identity of the whale and the potential impact on the price.
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Dogecoin on a Downtrend
While the whale accumulation is a positive sign for DOGE, it's important to acknowledge the coin's ongoing price decline. Over the past week, Dogecoin has shed over 25% of its value.
Whale on a Shopping Spree
On-chain data reveals a series of DOGE purchases by this particular whale. Whale Alerts, a crypto whale transaction tracker, identified a tran...